As part of its cooperation with Eagle Hills, the government of the Autonomous Republic of Adjara has transferred 2.57 million square meters (257.9 hectares) of coastal land near Gonio, including a former military training ground, to the Georgian state at no cost. Authorities report that Eagle Hills plans to invest USD 6.6 billion in development …
Tag Archives: Eagle Hills
Eagle Hills in Europe: What Happened to Its Mega-Projects?
In recent days, public debate in Georgia has intensified over the investment agreement signed with the UAE-based company Eagle Hills. The deal, valued at $6.6 billion, envisions large-scale development projects in Tbilisi and Adjara, including the construction of new residential areas and tourist infrastructure. The agreement has been designated as a commercial secret. The ruling …
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Multi-Billion Dollar Project Eagle Hills Contract Classified as Commercial Secret
The investment agreement signed with Eagle Hills, under which major development projects are to be carried out in Tbilisi and Adjara — including the creation of new residential and tourism infrastructure — has been classified as a commercial secret. This is stated in a decree issued by the Government of Georgia on October 22. According …
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